BARRICK MINING CORP vs WHEATON PRECIOUS METALS CORP., two Mining stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Barrick digs; Wheaton streams, and the pair is mining's cleanest model contrast at matched quality: the operator prints a 42.2% net margin at 12.7 times earnings, the streamer a 63.6% net margin at 35 times. Wheaton's insulation from cost inflation is worth something; the market says it is worth 22 extra turns, which is a strong opinion in a cycle where the operator's costs are behaving. Returns on equity favor Barrick, 19.9% against 16.9%, and its 6.1% free-cash yield nearly doubles Wheaton's 3.7%, with a dividend besides. Both are debt-free. The streaming premium is a bad-cycle insurance policy, currently priced while the sun is out.
Comparison updated 2026-07-10.
| Metric | B | WPM |
|---|---|---|
| Price | $37.28 | $113.45 |
| Market cap | $63.6B | $51.5B |
| Sector | Mining | Mining |
| Stage | Cyclical | Cyclical |
| Implied growth (priced in) | -3.0% | — |
| P/E | 12.7 | 35.0 |
| P/B | 1.77 | 5.93 |
| P/S | 3.75 | 22.25 |
| EV/EBITDA | — | 31.8 |
| Revenue growth | +10.0% | +22.7% |
| Gross margin | — | 72.2% |
| Operating margin | — | 68.3% |
| Net margin | 42.2% | 63.6% |
| Return on equity | 19.9% | 16.9% |
| Return on assets | 13.9% | 16.1% |
| Return on invested capital | — | 15.8% |
| FCF yield | 6.1% | 3.7% |
| Dividend yield | 1.2% | — |
| Debt / equity | 0.00 | 0.00 |
| Current ratio | 2.92 | 7.78 |
| Altman Z (solvency) | 2.89 | 7.68 |
| Piotroski F (quality) | 7 / 9 | 8 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.